Catenaa, Tuesday, December 23, 2025- JPMorgan Chase is weighing whether to offer cryptocurrency trading to institutional clients, sources said.
This, if confirmed, signals deeper involvement by Wall Street firms as demand grows for regulated access to digital asset markets.
Eports said that the bank is reviewing potential products within its markets division, including spot and derivatives trading tied to major cryptocurrencies, according to a Bloomberg report citing a person familiar with the discussions. The review remains internal, and no final decision has been reached.
JPMorgan has long taken a guarded approach to direct crypto exposure, even while investing heavily in blockchain settlement systems and tokenization efforts.
Moving into direct trading, even on a limited institutional basis, would mark an expansion of its digital asset activities beyond infrastructure and back-end services.
The consideration comes as major global banks broaden their crypto offerings despite lingering policy uncertainty in the United States. Several firms have moved ahead under institutional-only models, citing client demand and the need for compliant market access.
Standard Chartered earlier this year launched spot bitcoin and ether trading for institutional customers.
Morgan Stanley has widened access to spot bitcoin exchange-traded funds for wealth clients and is preparing to enable direct trading of bitcoin, ether and Solana through its E-Trade platform.
Citi continues to explore digital asset payment rails and stablecoin-linked services for institutional users, including work tied to Coinbase.
Bank of New York has expanded custody and tokenization services and is expected to hold dollar reserves for Ripple’s RLUSD stablecoin.
Goldman Sachs is also advancing tokenization and digital asset infrastructure through industry partnerships.
